The gloomiest part of Secretary Hoover's report for the business year that began July 1, 1926 and ended June 30, 1927, related to farm products. The report, published last week, stated that during that fiscal year the value of crops and animal products, deducting crops fed to animals, used for seed and wasted, was $12,080,000,000. The previous fiscal year it had been $12,670,000,000. Cause: Low cotton prices last year and depression in the prairie states. The coal business had not been prosperous, nor the textile business.
The cheeriest part...
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